Deals
Marathon Merger Looks Like a Pincer Attack on Mexico Fuel Market
- New company to supply southern neighbor from both coasts
- Across-the-border fuel shipments by rail also in the cards
Marathon to Become Biggest U.S. Refiner After Buying Andeavor
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Now that Marathon Petroleum Corp. is combining with Andeavor, the largest U.S. refiner to be formed from the deal can dominate Mexico’s freshly liberated gasoline and diesel markets from all sides.
“We had identified a part of Mexico, which was primarily to the northern part of Mexico, which we could go after now with the access from the Gulf Coast,” said Greg Goff, chairman of Andeavor during a conference call Monday.